Business
IFCI: Standalone profit fell, but group profit surged on fair value gains; focus on NPA recovery and consolidation
IFCI: Standalone profit fell, but group profit surged on fair value gains; focus on NPA recovery and consolidation
About this update from Ifci Limited
Standalone profit after tax declined sharply due to lower interest income and higher impairment, while consolidated profit rose on the back of a significant fair value gain in a subsidiary. No new loans were disbursed, with focus on NPA recovery and group consolidation. Government infused ₹1,000 crore, raising its stake to 72.57%.Original document: This is an AI-generated summary and may contain inaccuracies. Please verify any important information with the original source.